With the supply of iron ore
improving, JSW Steel Ltd, the largest steel producer in the country is
optimistic of increasing its production to 90 per cent of the installed
capacity by the end of October.
Dr Vinod Nowal, Chief Executive
Officer JSW, said , “We are hopeful that our ore requirement will be improved
after October 18 when we expect a daily supply of around 20,000 tonnes of iron
ore from Bellary and Chitradurga districts that has been allotted through
e-auction.
“In addition, we would be getting
around two rakes (one rake contains around 3,500 tonnes of ore) from Orissa and
Chattisgarh. We are also confident that the quantity of ore would go up
gradually after every e-auction, assuring around 40,000 MT per day.
“With this optimism we are
confident of increasing the production to 90 percent of the installed capacity
by the end of this month (October).”
Dr Nowal, who is also the
President of the Karnataka Iron and Steel Manufacturers' Association (KISMA),
has appealed to the State Government to permit loading and transportation of
iron ore round-the-clock to ensure unhindered supply of the basic raw material.
“Presently, loading of ore is not permitted
after 6 p.m. The State Government, while taking all precautionary measures and
stepping up its vigil to check illegal transportation of ore, could relax the
rules so that the supply of ore to the industries could be ensured on one hand
and would also benefit the transporters to earn more and repay their loans,” he
said.
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